Lawrence Summers to return to Harvard in January
Lawrence Summers, President Obama's former top economic adviser, is returning to Harvard University this month to resume his teaching and academic research, the university announced Tuesday.
Summers will be heading back to Harvard's Kennedy School, where he taught before leaving to join the administration in early 2009, and where his teaching "will focus on the implications of changes in the global economy for public policy." Summers departed his post as director of the National Economic Council on Friday after announcing last September that he would leave the Obama administration in the new year.
"It has been an enormous privilege to serve in the White House for the last two critical years," Summers said in a statement. "Now with the economy stabilizing, I look forward to the opportunity to think, write and teach about some of the critical economic challenges we face taking a longer view than is possible in a position with day-to-day policy responsibility."
"The shock of the financial crisis, the shifts in the distribution of global economic power, and the changes being brought about by information technology combine to make this an unusually important moment to reexamine traditional assumptions about economic policy in the United States and beyond," Summers added. "I am especially excited by the prospect of working with some of the most able students in the world at such a critical time."
Obama is nearing a decision in the search to succeed Summers, with former Clinton economic adviser Gene Sperling and former Clinton deputy Treasury Secretary Roger Altman among those in the mix.
| January 4, 2011; 4:08 PM ET
Categories: 44 The Obama Presidency
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